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German capital market law – a permanent reform

Published online by Cambridge University Press:  06 March 2019

Abstract

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Type
Private Law
Copyright
Copyright © 2004 by German Law Journal GbR 

References

1 BGBl I 1994, 1749; the first Finanzmarktförderungsgesetz (BGBl. 19990, 226) dated 22.2.1990.Google Scholar

2 BGBl I 1998, 529.Google Scholar

3 BGBl I 2002, 2010.Google Scholar

4 KOM (1999), 232.Google Scholar

5 Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation (Market Abuse, Official journal 2003 L 96-16; see also Hansen, U. Pa. J. Intern. Econ. L. (2002), 241).Google Scholar

6 Changed proposal of 09.08.2002 for a directive of the European Parliament and of the Council on the prospectus to be published when securities are offered to the public or admitted to trading and amending Directive 2001/34/EC (Prospectus Directive), KOM (2002) 460 final, Official journal C 20 E/122.Google Scholar

7 Proposal of 26.03.2003 for a directive of the European Parliament and of the Council on the harmonisation of transparency requirements with regard to information about issuers whose securities are admitted to trading on a regulated market and amending Directive 2001/34/EC (Transparency Directive), KOM (2003), 138 final; available at: www.europa.eu.int/comm/internal_market/de/finances/mobil/transparency/index.htm.Google Scholar

8 See also: Sethe, ZBB 2003, 153, 155.Google Scholar

9 See: Seibert, , Das 10-Punkte-Programm Unternehmensintegrität und Anlegerschutz, BB 2003, 693.Google Scholar

10 Foreword p. 5.Google Scholar

11 Fleischer, , Gutachten zum 64. Deutschen Juristentag, 2002, F 17.Google Scholar

12 Like Asset Backed Securities, Financial Futures and Forward, Options, Swaps and modern warrants i.e. range warrants.Google Scholar

13 See Peter Schlechtriem: The German Act to Modernize the Law of Obligations in the Context of Common Principles and Structures of the Law of Obligations in Europe, in: Oxford University Comparative Law Forum 2002 (available at: http://www.ouclf.iuscomp.org); Hans Schulte-Nölke, The New German Law of Obligations: an Introduction (2003), at: http://www.iuscomp.org/gla/literature/schulte-noelke.htm; Peer Zumbansen, The Law of Contracts, in: Mathias Reimann/Joachim Zekoll (eds.), Introduction to German Law (2nd Ed. Kluwer Law: The Hague 2004, forthcoming).Google Scholar

14 See the code at http://www.corporate-governance-code.de/eng/download/DCG_K_E200305.pdf; for a thorough introduction see Ringleb/Kremer/Lutter/v.Werder, Kommentar zum Deutschen Corporate Governance Kodex [Kodex-Kommentar], Munich 2003.Google Scholar

15 For a discussion of the particularities of the German Habilitation (post-doctoral, tenure qualifying) system for aspiring university professors, see Minnerop/Schorkopf, The German University Reform: Between Adjustment and Continuity, in: Russell Miller/Peer Zumbansen (eds.), Annual of German & European Law, Vol. 1 (2003), Berghahn Books: Oxford/New York 2004, forthcoming.Google Scholar

16 Compare already the discussion, albeit with regard to stock corporation law, between Zöllner, 39 Die Aktiengesellschaft 336 (1994), and Seibert, 47 Die Aktiengesellschaft 417 (2002).Google Scholar